India News
Berkshire Hathaway’s Gen Re Turns to India for Multiple Insurance Opportunities
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world's fastest-growing reinsurance market. The ...
Swiss Re, XL Catlin to Launch India Branch Offices
Swiss Re and XL Catlin say they've both gotten regulatory approval to open branches in India, following the government's move last year to open its market to foreign insurers and reinsurers. In XL ...
Watsa’s Fairfax Financial Wins Approval to Grab Majority Stake in Indian Lender
Value investor Prem Watsa's Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India's central bank is allowing a foreign ...
Hannover Re, SCOR Gain Approval to Open India Branch Offices
Both Hannover Re and SCOR have gotten regulatory approval to launch branches in India. Hannover Re announced on Dec. 28 that the Insurance Regulatory and Development Authority of India granted ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...
SCOR Anticipates Full India Launch
SCOR is on the verge of launching full operations in India. Regulators there granted SCOR permission to open a composite branch office in India to conduct P/C and life reinsurance business. SCOR will ...
Liberty Mutual Boosts Ownership Stake in India Joint Venture
Liberty Mutual Insurance Group is increasing its share of an India joint venture to 49 percent. The move takes advantage of growth potential in a key emerging market, as well as new regulations in ...
AIR Worldwide Introduces Earthquake Model for India
Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as ...